Romania faces S&P downgrade risk to junk as fiscal, political strains mount

S&P Global Ratings will review Romania's sovereign rating on Friday, with the country at the lowest investment-grade level. A downgrade to speculative 'junk' status is possible amid a political crisis, high interest rates, near-stagnant growth, and external imbalances, though deficit reduction efforts support the current rating. The outcome is uncertain and hinges on fiscal credibility and political stability.